Screening Criteria
Rental Qualifications Standards & Application Guidelines
Property Information
This Criteria is for all rental properties.
This property has the following pet and smoking policies:
- Pets are conditionally allowed.
- Smoking is not allowed.
Rental History Criteria
At this property we require that the tenant have 0 evictions on record. If overall rental history is less than 36 months this results in potential denial. We are always motivated to work with people so if you have an issue please feel free to give us a call and we will see what we can do!
The following items can be considered a deniable factor:
- More than 1 late rent payments on record in a 12-month period
- More than 1 noise complaints on record in a 12-month period
- Broken lease agreements with previous landlords
- Inaccuracy or falsification of the rental application
- Lack of history with established and verifiable property management company.
Income Requirement Criteria
This property requires that the tenant does not spend more than 40% of their gross monthly incomes on rent.
If the applicant does not meet this standard rent to income criteria, this will result in possible denial or additional conditions such as the requirement for a cosigner and additional deposit.
For example, verifiable income can be but is not limited to; 6 weeks of consecutive paystubs, new hire letter of employment, disability award letters, court documented support, gift affidavit, income verification form, most recent tax return (IDO- Independent business owner).
The following items can be considered a deniable factor:
- Lack of proof of income
- Inconsistency of income
- Falsification of income
- Cannot meet income percentage requirements.
- Final recommendation will also be dependent on income, rental, and employment history.
Employment History Criteria
This property requires 36 months of continuous employment with current employer.
If the tenant cannot meet these standards, the following stipulations or actions may apply.
- An increase to the security deposit, a cosigner, or denial.
Possible exceptions to the employment criteria include the following:
- Historical employment in the same line of work
- Retired or self-employed applicants will require most recent tax returns.
- Military personnel will be required to provide L.E.S. for proof of employment.
- Employment requirements will be waived for international students. An I20 will be required for verification.
- Final recommendation will also be dependent on income, rental, and employment history.
Credit History Criteria
Various factors from the credit report are used as screening criteria including the following:
- This property requires a 620 or above credit score. If the tenant has a score below this, it could result in an increased deposit, cosigner requirement or denial.
- A bankruptcy discharge will result in possible denial or additional conditions.
- A paid rental collection and/or judgment will result in possible denial or additional conditions.
- Final recommendation will also be dependent on income, rental, and employment history.
- Late Payment history may result in possible denial or additional conditions.
- High debt to income ratio may result in possible denial or additional conditions.
- No significant established credit history may result in possible denial or additional conditions.
Additional Deniable factors include
- Unpaid rental collection or judgment(s), Unverifiable Social Security Number, past Bankruptcy
- Judgements and/or liens more than $100.00
Cosigner Criteria
This property requires that the cosigner does not spend more than 40% of their gross monthly incomes on the rent and must make 5 times the rent.
The cosigner should not have any of the following:
- Active Liens, Judgments, Recently Filed Bankruptcies, evictions, or any other disqualifiers listed above.
Public Records Criteria
An eviction and criminal records search will be conducted as part of the screening process.
Deniable factors include the following:
Murder (1st and 2nd degree), Kidnapping (All counts), Manslaughter (1st degree), Theft (1st & 2nd degree), Assault (1st, 2nd, & 3rd degree), Forgery, Burglary (1st, 2nd degree), Vehicle prowling (1st degree), Robbery (1st & 2nd degree), Malicious mischief (1st degree), Sexual related offenses (all counts), Arson (1st and 2nd degree), Reckless burning (1st degree), Delivery or sale of controlled substances (all counts), Possession with or without intent to deliver (all counts), Manufacturing with or without intent to deliver (all counts), domestic violence, or any other felony.